Allan Cinnamon (Cintax the Word Ltd) provides a quarterly update on tax treaty developments.
The government has reached agreements with the UK’s Crown dependencies and overseas territories, under which they will disclose information on company beneficial ownership to UK law enforcement and tax agencies.
Expect HMRC to act, writes Jessica Parker (Corker Binning)
HMRC has asked for access to the leaked data – the ‘Panama papers’ – which, it is alleged, reveal large-scale tax evasion and money laundering facilitated by Mossack Fonseca, a law firm based in Panama.
Tax revenues in African countries are rising as a proportion of national incomes, driven primarily by increases in corporate income taxes, according to a new OECD report, Revenue Statistics in Africa. See www.bit.ly/1owmNUe.
The European Parliament’s special committee on tax rulings questioned officials of six major European banks, Crédit Agricole, ING Group, Nordea, Santander, UBS and Unicredit, on the role of offshore tax havens in corporate tax planning on 21 March.
Chris Morgan (KPMG) reviews the latest developments in the international tax world.
Jonathan Hare, Stephen Morse (PwC) and Peter Halford (PwC Legal) answer the key questions on the European Commission’s investigations into alleged illegal state aid as a way of tacking perceived corporate tax avoidance.